3IINFOLTD
3i Infotech financials
- Market cap
- ₹535 Cr
- Sector
- Information Technology
- Calls analysed
- 2
3i Infotech Q1 FY27
What went well
- Operating revenue of ₹177.9 crore, representing 4.3% year-on-year growth and 1.3% sequential growth.
- Gross margin improved to 14.4% from 12.6% last quarter and 11.2% year before, reflecting continued operational improvement.
- Secured order booking with a Total Contract Value (TCV) of ₹240.9 crore and an Annual Contract Value (ACV) of ₹195.6 crore, including over 25 new client wins.
What to watch
- US revenue experienced a temporary 7.2% sequential moderation to ₹91.2 crore from ₹98.3 crore due to normal project timing and seasonality.
- The corresponding quarter last year included a one-time other income of ₹18.5 crore before tax and ₹13.5 crore after tax, creating a higher base for year-on-year PAT comparison.
What 3i Infotech does
3i Infotech provides IT services and software solutions through three business units: application development, automation and analytics (AAA); infrastructure services delivered via a 24x7 Global Command Centre covering cloud, data-centre and network management; and Digital BPS, which runs claims processing, fund accounting, collections and Registrar & Transfer Agency (RTA) operations. It also develops and sells its own software products such as Flexib+, EnGRC and NuRe Campus alongside its services engagements. The company serves clients in banking, financial services, insurance, government and manufacturing sectors in the US, India and other regions.
Segments
- AAA (Application Development, Automation & Analytics)
- Infrastructure Services (IS)
- Digital BPS (Business Process Services)
- Employees
- 3,711 (3700+)
- Active clients globally
- 300+
- Countries served
- 5+
- Business segments
- 3 (AAA, Infrastructure Services, Digital BPS)
- Proprietary software products
- 6 (Flexib+, EnGRC, NuRe Campus, NuRe Flowbit, NuRe DMS, NuRe Intelligence)
- New clients added (FY25)
- 81
Guidance record · Q1 FY27
what the last two calls moved 12 tracked 0 delivered 8 missed 4 open- EBITDA Margin went quiet said Q4 FY25 Promised: Achieve a high single digit EBITDA margin by FY30 Q1 FY27: Long-term EBITDA margin target was not mentioned. Q1 FY27 EBITDA margin was 6.5%, a decline from 8.6% in Q4 FY25, though underlying gross margins are improving.
- Revenue Growth on track said Q4 FY25 Promised: Triple our revenues by FY30 (approx 24-25% CAGR) Q1 FY27: Reiterated long-term vision with a more specific target of ₹2030 crore by 2030. Management noted this requires a >30% CAGR over the next four years, a more aggressive growth rate than previously implied, though the absolute target is slightly below the original 3x FY25 revenue.
All 12 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 4.3%, net profit down 13.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 178 | 181 | 187 | 171 | 175 −2% | 172 −5% | 176 −6% | 178 +4% |
| EBITDA | 1 | 23 | 8 | -3 | -5 −787% | 0 −98% | -10 −215% | 5 +247% |
| Net profit | -10 | 17 | 27 | 8 | 18 +282% | 2 −88% | 7 −73% | 7 −14% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −6.5% 1Y
1Y: ₹24.43 on 10 Sept 2025 → ₹22.85. High ₹27.6 (11 Aug 2026), low ₹12.72 (17 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- +4.8%
- 27 Jul
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue fell 1.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to -2.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹729 Cr | ₹814 Cr | ₹726 Cr | ₹693 Cr |
| Operating profit | ₹33 Cr | ₹-15 Cr | ₹31 Cr | ₹-18 Cr |
| Operating margin | 4.5% | -1.9% | 4.3% | -2.6% |
| Interest | ₹9 Cr | ₹10 Cr | ₹8 Cr | ₹4 Cr |
| Depreciation | ₹23 Cr | ₹27 Cr | ₹28 Cr | ₹20 Cr |
| Net profit | ₹1 Cr | ₹-299 Cr | ₹25 Cr | ₹35 Cr |
| Net margin | 0.2% | -36.8% | 3.5% | 5.1% |
| Cash from operations | ₹80 Cr | ₹24 Cr | ₹32 Cr | ₹-44 Cr |
| Free cash flow | ₹-29 Cr | ₹13 Cr | ₹33 Cr | ₹-45 Cr |
| ROCE | 3.0% | -10.0% | 6.0% | 13.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹1.6k Cr | ₹168 Cr | ₹168 Cr | ₹169 Cr | ₹170 Cr | ₹207 Cr |
| Reserves | ₹-864 Cr | ₹536 Cr | ₹474 Cr | ₹124 Cr | ₹157 Cr | ₹174 Cr |
| Borrowings | ₹569 Cr | ₹119 Cr | ₹99 Cr | ₹84 Cr | ₹35 Cr | ₹62 Cr |
| Other liabilities | ₹164 Cr | ₹138 Cr | ₹230 Cr | ₹274 Cr | ₹209 Cr | ₹219 Cr |
| Total liabilities | ₹1.5k Cr | ₹960 Cr | ₹972 Cr | ₹652 Cr | ₹570 Cr | ₹662 Cr |
| Fixed assets | ₹388 Cr | ₹417 Cr | ₹479 Cr | ₹245 Cr | ₹224 Cr | ₹218 Cr |
| Capital work in progress | ₹0 Cr | ₹8 Cr | ₹42 Cr | ₹6 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹0 Cr |
| Other assets | ₹1.1k Cr | ₹536 Cr | ₹449 Cr | ₹399 Cr | ₹346 Cr | ₹444 Cr |
| Total assets | ₹1.5k Cr | ₹960 Cr | ₹972 Cr | ₹652 Cr | ₹570 Cr | ₹662 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
All earnings calls (2)
Read the Q1 FY27 call →Learn to analyse 3i Infotech
Guides on how to read this kind of business and the numbers that matter.